Corona Remedies IPO: Retail investors have taken up 87% of their quota, while non institutional investors have subscribed 79% of their portion. Qualified institutional buyers are yet to make any meaningful bid.
The consensus estimate of price targets implies a potential upside of 80% from current levels. Macquarie’s price target on Kaynes is the sixth highest on the street after ICICI Direct, Nomura, Motilal Oswal, IIFL and Jefferies.
Investor sentiment remained cautious ahead of a slew of central bank meetings, including a looming decision by the Reserve Bank of Australia on the day, as markets look for a clearer picture of the outlook for global interest rates.
Godrej Properties, Bharat Petroleum Corporation, JSW Energy, and AU Small Finance Bank have been added. The brokerage has also brought Axis Bank and SAMIL into the portfolio, while reducing exposure to ICICI Bank, NTPC, Tata Steel, CRG and InterGlobe Aviation,…
IndiGo logged its steepest single day fall since February 2022 and has now entered its seventh straight session of losses, marking its longest losing streak since February 2023.
SK Hynix is a key supplier of high-bandwidth memory to Nvidia, the world’s most valuable company. Chip and AI-related stocks have remained volatile in recent times on concerns of a bubble building up within that space. The stock is up…
Sensex Today | Stock Market LIVE Updates: The 20-DMA holds the key for the Nifty, which is placed around 26,000, and the index lies only 40 points away from those levels. The index continues to find support between the 25,850…
Farmers, according to Trump, have blamed the alleged dumping of Indian rice in to the US for the falling rice prices. The dumping, as per the farmers, also comes from Vietnam and Thailand.
PhysicsWallah’s revenue from operations stood at ₹1,051.2 crore, rising 26% from ₹832.2 crore a year ago. In the previous quarter, the edtech company had recorded revenue of ₹1,847 crore.
While the street has more or less priced in a rate cut from the US Federal Reserve this week, White House National Economic Council Director and potential successor to Jerome Powell, Kevin Hassett hinted at a rate cut in an…